Nebius said it signed a multibillion-dollar agreement to provide Microsoft with artificial intelligence infrastructure.
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Shares of Nebius Group
soared more than 60% in extended trading on Monday after the provider of Nvidia
graphics chips for training artificial intelligence models said it’s signed an agreement with Microsoft
worth up to $19.4 billion over five years.
The pact between Nebius and Microsoft suggests demand for the powerful infrastructure needed to train and run AI models remains…
The companies will collaborate on AI infrastructure deployment as part of the deal.
The tech giant is planning capital expenditure of up to $135 billion related to AI this year.
Nebius pays $643M for Eigen AI, a 20-person MIT spinout that maximises tokens per GPU. In the neocloud race, inference…
The new infrastructure with Microsoft will include the NVIDIA GB300 NVL72 systems, which are also deployed by hyperscaler…
The investment comes after rival OpenAI announced a comparable deal with Amazon.
